FY2023 Adopted Budget

0.8% of the fiscal year 2022 revised budget of $6.6 million and there is an average increase of 3.0% over the last five years. The average increase amounts are due to the increases in administrative chargebacks. 8. Other Financing Sources – Other financing sources include a limited number of special transactions that are used to account for non-operating revenues/receipts such as the proceeds from a loan or the sale of an asset. Other Financing Sources are budgeted at $388,507 in fiscal year 2023, which is a decrease of 65.3% from the fiscal year 2022 revised budget of $1.1 million. The decrease is from home sales in the UniverCity and South District home programs. The UniverCity and South District home activities are budgeted at $1.0 million in fiscal year 2022, which consists of the proceeds from the sale of assets of $938,500. There is an average decrease of 9.6% over the last five years. These decreases are due to discontinuing the use of bank loans for the UniverCity program. Purchases of properties for the UniverCity and South District home programs are now made without the use of bank lines of credits. 9. Transfers In - The category is budgeted at $13.1 million in fiscal year 2023. This includes an approximate $12.8 million transfer-in of the Employee Benefits Levy from the Employee Benefits Fund. This category also includes General Fund intra-fund transfers to equipment replacement reserves and transfers in from other funds to support specific staff positions and expenditures.

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